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(BajajSteel) Bajaj Steel complete technical analysis [charts+indicators] | Buy/Sell Bajaj Steel | (BajajSteel) share price targets

Complete technical analysis of Bajaj Steel (BajajSteel) by charts plus indicators, forecast predictions and share price targets for Bajaj Steel (BajajSteel)

Showing technical analysis as on 2024-02-08 View latest technical analysis

10 day averaged volume of Bajaj Steel is 23419

Date Daily Closing Price Open High Low Volume
08 Thu Feb 2024 1292.00 1339.00 1358.00 1195.10 2.35 times
07 Wed Feb 2024 1380.85 1602.00 1626.90 1297.00 1.876 times
06 Tue Feb 2024 1600.10 1570.00 1608.90 1560.00 0.657 times
05 Mon Feb 2024 1556.65 1599.95 1624.80 1521.20 0.834 times
02 Fri Feb 2024 1571.55 1561.05 1617.80 1550.00 0.762 times
01 Thu Feb 2024 1556.45 1546.80 1565.00 1502.15 0.54 times
31 Wed Jan 2024 1529.40 1509.95 1559.95 1509.80 0.7 times
30 Tue Jan 2024 1497.55 1489.00 1550.00 1462.00 1.609 times
29 Mon Jan 2024 1473.60 1331.00 1495.00 1331.00 1.807 times
25 Thu Jan 2024 1329.70 1299.00 1340.00 1298.50 0.835 times

Stock of Bajaj Steel (BajajSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1232.8 as stoploss in an intra day buy trade for a target of 1367.09. However, stock will show a bearish move below 1232.8.

Share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Target 1004.05
Downside Target 1112.55
Downside Target 1148.85
Downside Target 1173.90
Upside Target 1297.80
Upside Target 1331.00
Upside Target 1344.00
Upside Target 1365.55
Upside Target 1559.95
Upside Target 1617.80
Upside Target 1626.90

Intraday share price targets for Bajaj Steel (BajajSteel)

Target Type Value
Downside Intraday Target 1115.77
Downside Intraday Target 939.53
Upside Intraday Target 1547.57
Upside Intraday Target 1803.13
Upside Intraday Target 1371.33

Weekly technical analysis of Bajaj Steel (BajajSteel)

Date Weekly Closing Price Open High Low Volume
08 Thu Feb 2024 1292.00 1599.95 1626.90 1195.10 1.055 times
02 Fri Feb 2024 1571.55 1331.00 1617.80 1331.00 2.344 times
25 Thu Jan 2024 1329.70 1344.00 1344.00 1203.90 1.241 times
19 Fri Jan 2024 1271.65 1270.75 1297.80 1195.00 0.46 times
12 Fri Jan 2024 1249.60 1169.20 1365.55 1150.00 2.394 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Bajaj Steel (BajajSteel)

Date Monthly Closing Price Open High Low Volume
08 Thu Feb 2024 1292.00 1546.80 1626.90 1195.10 0.5 times
31 Wed Jan 2024 1529.40 1170.00 1559.95 1112.55 2.54 times
29 Fri Dec 2023 1166.95 1098.90 1173.90 1030.60 1.046 times
30 Thu Nov 2023 1083.15 1056.60 1148.85 1018.00 1.147 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bajaj Steel (BajajSteel)

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bajaj Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Bajaj Steel in short term but the sell signal is initial and weak.

Bajaj Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bajaj Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Bajaj Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1442.57 and Bajaj Steel (BajajSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Bajaj Steel (BajajSteel) stock. Volume based technical analysis of Bajaj Steel (BajajSteel) stock is negative.

Bajaj Steel Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Bajaj Steel ( (BajajSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bajaj Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Bajaj Steel in short term but the sell signal is initial and weak.

Bajaj Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bajaj Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Bajaj Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1442.57 and Bajaj Steel (BajajSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Bajaj Steel (BajajSteel) stock. Volume based technical analysis of Bajaj Steel (BajajSteel) stock is negative.

Bajaj Steel Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Bajaj Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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